Gas trade

Oil & Gas Trade

Covid-19: Saving Nigeria from the Peril of Oil Economy

It is no gainsaying the fact that the global pandemic Coronavirus has made the world economy to shrink. With a sudden shutdown of most countries to contain the …

Oil & Gas Trade

Trump Pledges to Support Oil, Gas Industries Amid Oil Futures Crash

U.S. President Donald Trump on Tuesday directed his administration to work on a plan to get funding to the oil and gas industries as a steep sell-off in oil fut…

Oil & Gas Trade

Canada’s Oil Has Nowhere To Go As The US Runs Out Of Storage

Collapsing demand and brimming storage in the United States, Canada’s almost exclusive oil outlet, have resulted in a very usual situation in the Canadian oil …

Oil & Gas Trade

Saudi Arabia may Re-route Tankers if U.S. Imposes Crude Import Ban

Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports …

Oil & Gas Trade

Nigeria's Oil, Gas Exports Hit $5.1bn in One Year - NNPC

The Nigerian National Petroleum Corporation (NNPC) has said that the country exported oil and gas worth about $5.18 billion in the last one year, spanning betwe…

Oil & Gas Trade

Indian Refineries Slash Middle East Oil Imports As Storage Fills Up

Two oil refiners will be cutting their crude oil imports from Saudi Arabia by between 66 percent and 80 percent for May, as India – population 1.3 billion peop…

Oil & Gas Trade

Shell Delays Decisions on Deepwater Projects Amid Oil Price Rout

Shell has delayed a decision on whether to proceed with two large oil and gas development projects in the gulf of Mexico and the north sea.

Oil & Gas Trade

Australia Says First in Line to Buy Crude to Store in US Strategic Reserve

Australia is at the head of the queue to buy oil and store it in the US Strategic Petroleum Reserve.

Oil & Gas Trade

UK Becomes World's Cheapest Natural Gas Market

Britain has become the cheapest natural gas market in the world.

Oil & Gas Trade

Will Look into Halting Oil Import from Saudi Arabia, Says Trump

US President Donald trump said on Monday that the us would consider stopping oil imports from Saudi Arabia.

Oil & Gas Trade

U.S. Natgas Trading at Parity with Oil after Crude Price Collapse

The rapid collapse of U.S. oil futures this year caused crude’s premium over natural gas to drop to near parity on.

Oil & Gas Trade

African Oil Producers to Readjust Fuel Production in Line with OPEC Advisory

APPO members have committed to cutting daily oil production to 10 million barrels a day, with effect from May 1 2020.

Oil & Gas Trade

Saudis to Sell 600,000 bbl of Oil a Day to the U.S. in April

Saudi Arabia is set to sell about 600.000 barrels a day of crude to the U.S. in April, the highest volume in a year, according to a Saudi industry official fami…

Oil & Gas Trade

Saudi Aramco to Supply Full May Crude Volumes to Asian Refiners

Saudi Arabia, the world's largest oil exporter, has notified some refiners in Asia that it will supply full contractual volumes of crude in May.

Oil & Gas Trade

Is Saudi Arabia Restarting The Oil War?

Saudi Arabia’s oil giant Aramco has just announced the pricing for its oil for May, with deeper discounts for customers in Asia for the second month in a row, …